Do you know enough about ready-made apartments in Dubai?

Do you know enough about ready-made apartments in Dubai?
Dubai is one of the most attractive cities for real estate investors. It is a place where one can find a wide range of properties that are suitable for various investment strategies. Apartments for sale in Dubai are offered for immediate occupancy in prime locations for those who are in search of a profitable investment project abroad. However, when it comes to choosing between ready-made and off-plan properties, many investors face a dilemma.

In this article, we will look at why ready-made properties in Dubai are better for investment than off-plan.

1. Finished real estate is a reality

One of the main reasons why a ready-made property is more alluring for investment than an off-plan is that the ready-made property already exists. You are aware of what you are buying, you can see it, touch it, and estimate its real value. Absence of guesswork gives you more confidence that you are getting what you pay for.

Some finished properties already have tenants or buyers, which means you can start earning income right after you buy. This can be especially attractive to investors who are looking for a quick income.

2. Off-plan real estate is risk 

Off-plan real estate is real estate that hasn't been delivered yet. You buy it at the design or construction stage. Such an approach can be very risky because you don't know what will happen in the future.
For example, construction may be delayed due to various reasons, such as financial problems or weather conditions. This could result in you not getting your property in time, which could mean losing money. There are cases when off-plan properties did not meet the expectations of buyers. You may buy a property based on the design you saw on paper, but when it is built, it may not look like what you expected. To avoid disappointment, choose only reliable developers with excellent reputation and a portfolio of already delivered projects. 

3. Finished real estate is the best quality

Another advantage of a finished property is that it is usually of a higher quality than an off-plan property. This is due to the fact that finished properties have already gone through all the stages of construction and quality testing.

In addition, finished properties usually have better finishes and equipment than off-plan properties. This can be especially attractive to investors who are looking for high-end properties.

4. Finished real estate is better liquidity

Another advantage of a finished property is that it has better liquidity. This is because finished properties are bought for immediate occupancy or leasing. Already delivered apartments usually have a more accurate price than off-plan properties. This means you can more easily sell it or get a loan to buy it.

5. Finished real estate is a more attractive rental option 

Another advantage of a finished property is that it is more attractive to rent than an off-plan property. Finished properties usually have a better location, more advanced amenities and more developed surrounding territory. This can be especially attractive to tenants who are looking for an apartment in a prestigious neighbourhood with good infrastructure.

Recommendations for selecting a ready-made apartment in Dubai 

Although already finished real estate in Dubai carries less risk and more benefits, there are a number of recommendations for inexperienced investors. 
  1. Research the real estate market in Dubai and choose an area that fits your investment goals.
  2. Find a trusted real estate agent who can help you find the right property and conduct the transaction.
  3. Assess the condition of the property and its potential yield before you buy.
  4. Make sure you understand all the transaction terms and legal aspects of buying a property in Dubai.
  5. Consider obtaining a mortgage or financing to purchase the property.
  6. Make sure you have an understanding of how to manage the property and generate rental income if this is your investment strategy.

In summary 

The worth of buying finished properties or units under construction is subjective and reliant on the unique preferences of a particular buyer. Still, a ready-made apartment in Dubai has notable advantages. It represents real property with better quality, better liquidity and more appeal to tenants. It also carries less risk than off-plan properties. If you are looking for a reliable and profitable investment solution, contact the real estate agency AX CAPITAL.

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